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Earning Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Summary of Composition of Earnings Per Share | The following table sets forth the composition of earnings per share:
|  | Year Ended December 31, |
(In Thousands, except share and per share data) |  | 2023 |  |  | 2022 |
Net income |  | $ | (11,968 | ) |  | $ | 5,598 |
Basic weighted average common shares outstanding |  |  | 17,753,914 |  |  |  | 11,310,386 |
Net effect of dilutive stock options and warrants |  |  | — |  |  |  | — |
Net effect of dilutive restricted stock awards |  |  | — |  |  |  | — |
Diluted weighted average common shares outstanding |  |  | 17,753,914 |  |  |  | 11,310,386 |
Net income per common share: |  |  |  |  |  |
Basic |  | $ | (0.67 | ) |  | $ | 0.49 |
Diluted |  | $ | (0.67 | ) |  | $ | 0.49 |
Schedule of Dilutive Securities Included in Computation of Earnings Per Share | The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were included in the computation of diluted earnings per common share for the years ended December 31, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Stock Options |  |  | — |  |  |  | — |
Warrants |  |  | — |  |  |  | — |
Restricted Stock Awards |  |  | — |  |  |  | — |
Total dilutive securities |  |  | — |  |  |  | - |
Schedule of Dilutive Securities Excluded in Computation of Earnings Per Share | The following is a summary of securities that could potentially dilute basic earnings per share in future periods that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented.
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Stock Options |  |  | — |  |  |  | 195,700 |
Warrants |  |  | 1,537,484 |  |  |  | 1,537,484 |
Restricted Stock Awards |  |  | 5,304 |  |  |  | — |
Total anti-dilutive securities |  |  | 1,542,788 |  |  |  | 1,733,184 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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